This paper analyses determinants of firm R&D and if predictions from the model of creative destruction is supported by data using matched employer-employee longitudinal data on the Swedish manufacturing industry. In particular, we analyse the impact of competition on R&D. Using various measures...

The paper evaluates the impact of technology together with resource endowments and economies of scale on international competitiveness in OECD countries. Knowledge capital stocks are obtained by cumulating R&D expenditure. Results show that competitiveness is determined not only by the R&D...

Has the European integration process lead to increased specialisation and what drives changes in specialisation? To address these questions we apply a model that incorporates endowments, technology and increasing returns to scale (IRS). Analyses reveal that countries with high capital...

The effect of imposing different numbers of unit roots on forecasting accuracy is examined using univariate ARMA models. To see whether additional information improves forecasting accuracy and increases the informative forecast horizon, we cross-relate the time series for inbound tourism in...